David Pecker is stepping down as chief executive of American Media, publisher of the National Enquirer, ending an era for the supermarket tabloid which played a key role in a campaign-finance scandal that sent Donald Trump’s lawyer to prison and implicated the president himself.

Mr. Pecker’s departure came Friday as part of an announcement that American Media, which also owns several celebrity-gossip magazines such as Us Weekly, Star and Ok!, is being merged with Accelerate 360 LLC, a Georgia-based logistics and distribution…
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